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DATE
JAN 2023
TABLES
36
PAGES
232
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HIGHLIGHTS & REPORT INDEX
What`s New for 2023?
»Special coverage on Russia-Ukraine war; global inflation; easing of "zero-Covid" policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
»Global competitiveness and key competitor percentage market shares
» Market presence across multiple geographies - Strong/Active/Niche/Trivial
»Online interactive peer-to-peer collaborative bespoke updates
»Access to our digital archives and MarketGlass Research Platform
»Complimentary updates for one year
Looking Ahead to 2023
The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel. The uncertainty around how Russia`s war on Ukraine will play out this year and the war`s role in creating global instability means that the trouble on the inflation front is not over yet. Food and fuel inflation will remain a persistent economic problem. Higher retail inflation will impact consumer confidence and spending. As governments combat inflation by raising interest rates, new job creation will slowdown and impact economic activity and growth. Lower capital expenditure is in the offing as companies go slow on investments, held back by inflation worries and weaker demand. With slower growth and high inflation, developed markets seem primed to enter into a recession. Fears of new COVID outbreaks and China’s already uncertain post-pandemic path poses a real risk of the world experiencing more acute supply chain pain and manufacturing disruptions this year. Volatile financial markets, growing trade tensions, stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced. Year 2023 is expected to be tough year for most markets, investors and consumers. Nevertheless, there is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.
Global Smart Windows Market to Reach $10.9 Billion by 2030
In the changed post COVID-19 business landscape, the global market for Smart Windows estimated at US$4.4 Billion in the year 2022, is projected to reach a revised size of US$10.9 Billion by 2030, growing at a CAGR of 12% over the analysis period 2022-2030. Suspended Particle Devices (SPD), one of the segments analyzed in the report, is projected to record a 9.3% CAGR and reach US$5.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Electrochromic segment is readjusted to a revised 17% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1.4 Billion, While China is Forecast to Grow at 14.5% CAGR
The Smart Windows market in the U.S. is estimated at US$1.4 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.9 Billion by the year 2030 trailing a CAGR of 14.5% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.3% and 10.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 11.3% CAGR.
SELECT PLAYERS
ChromoGenics; Eastman Chemical Company; EControl-Glas GmbH & Co. KG; Gentex Corporation; Heliotrope Technologies; Innovative Glass Corporation; Pleotint LLC; Polytronix, Inc.; PPG Industries Inc; RavenWindow; SAGE Electrochromics Inc; Scienstry; Smart Glass International Ltd; Smart Windows Colorado; View, Inc.
SEGMENTS
» Technology (Suspended Particle Devices (SPD), Electrochromic, Polymer Dispersed Liquid Crystal (PDLC), Other Technologies)
GEOGRAPHIES
» World » USA » Canada » Japan » China » Europe » France » Germany » Italy » UK » Rest of Europe » Asia-Pacific » Rest of World
TABLE OF CONTENTS
I. METHODOLOGY |
II. EXECUTIVE SUMMARY |
1. MARKET OVERVIEW |
Influencer Market Insights |
World Market Trajectories |
Smart Windows – Global Key Competitors Percentage Market Share in 2022 (E) |
Competitive Market Presence - Strong/Active/Niche/Trivial for 77 Players Worldwide in 2022 (E) |
Impact of Covid-19 and a Looming Global Recession |
2020 Marked as a Year of Disruption & Transformation |
EXHIBIT: World Economic Growth Projections (Real GDP, Annual % Change) for 2019 to 2022 |
COVID-19 Pandemic Dents Growth in Global Smart Windows Market |
Performance Snapshot of Major End-Use Markets |
Automotive Sector |
Construction Sector |
Smart Windows: A Prelude |
Smart Glass: A Growing Area of Interest |
Types of Smart Windows |
Market Outlook |
Growth Drivers in a Nutshell |
Key Growth Restraints |
Suspended particle device (SPD) Glass Accounts for Major Share |
Developed Markets Dominate, while Developing Markets Drive Growth |
China: A Fast Growing Market for Smart Windows |
High Costs: A Major Issue |
Competition |
Market Witnesses Rising Investments and Increasing Patent Activity |
Leading Smart Glass Windows Startups |
Noteworthy Smart Window Solutions Worldwide: Brief Details of Product and Key Features |
Research & Development: Need of the Hour to expand Market Adoption |
Recent Market Activity |
2. FOCUS ON SELECT PLAYERS |
3. MARKET TRENDS & DRIVERS |
Myriad Benefits Offered by Smart Glass Windows Drive Widespread Adoption in Architectural Applications |
List of Exterior, Interior, and Projection Applications of Smart Glass in the Architectural Sector |
Smart Windows Offers Several Benefits to Building Owners |
Growing Concerns with Regard to Energy Loss Drive Demand for Switchable Smart Glass in Varied Applications |
Aesthetics: The Fundamental Factor behind the Huge Popularity of Smart Windows |
Implementation of Smart Buildings and Smart Cities Boosts Prospects |
EXHIBIT: Global Market for Smart City Technologies in US$ Million for the Years 2019 and 2025 |
Recovery in Construction Sector to Boost Growth |
EXHIBIT 11: World Construction Industry (in US$ Trillion) for the Years 2020, 2021 & 2022 |
Transportation: An Important Market for Smart Windows |
Focus on Energy Efficiency, Better Fuel Economy, and Improved Vehicle Designs Drive Robust Demand |
Self-Cleaning and Self-Repairing Applications Gain Momentum |
EXHIBIT: Global Automotive Smart Glass Market by Technology (2015 & 2025): Percentage Breakdown of Revenues for Active Self-Dimming Windows, Device-Embedded Glass, Smart Mirrors, and Others |
Self-Tinting in Automobile Windows : An Insight |
Lightweight Smart Glass: First-Choice Materials in Connected Cars |
Smart Windows Seek Opportunities in Self-Driving Cars |
Recovery in Automobiles Production: An Important Opportunity Indicator |
EXHIBIT 8: World Automobile Production in Million Units: 2008-2022 |
EXHIBIT 9: Monthly New Vehicle Sales in the US: Jan 2020 – Feb 2021 |
Proliferation of Electric Vehicles to Help Smart Glass Find Mainstream Adoption |
EXHIBIT 10: Number of EVs on Road Worldwide by Type (In Million Units) for the Years 2019 and 2022 |
Spiraling Electricity Usage and Resulting Energy Costs Spur Demand for Automatic Tinting Windows in the Building Sector |
EXHIBIT 8: Global Energy Consumption by Sector (2019): Percentage Breakdown of Energy Consumption for Buildings, Commercial, Industrial, Transportation, and Others |
Smart Windows in Aircrafts Enable Efficient Management of Light and Glare |
Growing Focus on Enhancing Consumer Experience at Airports to Drive Smart Window Installations |
Impact of COVID-19 on Airlines and Airports |
EXHIBIT 15: Global Airlines & Airports Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025 |
EXHIBIT 16: Expected Losses in Global Aviation Industry (In US$ Billion) |
EXHIBIT 17: Global Announced Airport Infrastructure Projects Value in US$ Billion by Region |
Smart Glass for Smart Yachts: A Potential Growth Avenue |
EXHIBIT: Sales of Superyachts in Units for the Years 2015 and 2022 |
Superior Attributes of Active Smart Glass Promote Higher Growth than Passive Types |
Comparison of Active Smart Glass Technologies |
Electrochromics and SPD: Leading Smart Glass Technologies |
PDLC Active Smart Glass: An Alternative to PDLC Active Smart Glass Penetration Marred by Limited Capabilities |
Smart Glass Innovation and Advancements |
Nanotechnology Brings Hope to Help Buildings See Green through Smart Windows |
Water-Repellant & Ventilation Options |
Smart Window with Potential to Regulate & Harness Solar Energy for Energy-Efficient Buildings |
Near-UV Light Absorbing Smart Windows |
Innovative Smart Glass Solutions that Substitute Electronic Window Shades |
Triboelectrics-Powered Smart Windows |
Electricity-Free Smart Window |
Smart Windows with Wide-angle Antireflection and Broadband Functionalities |
Wi-Fi Compatible Smart Windows |
Novel Smart Window Technology to Control Light and Heat Flow |
Microgels to Replace Hydrogels in Smart Windows |
Mobile App for Tinting Windows through Smartphones |
Universal Smart Window Coating |
Dye Sensitized Solar Cell (DSSC) Integrated Smart Window |
4. GLOBAL MARKET PERSPECTIVE |
World Recent Past, Current & Future Analysis for Smart Windows by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR |
World 7-Year Perspective for Smart Windows by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2021 & 2027 |
World Recent Past, Current & Future Analysis for Suspended Particle Devices (SPD) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR |
World 7-Year Perspective for Suspended Particle Devices (SPD) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027 |
World Recent Past, Current & Future Analysis for Electrochromic by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR |
World 7-Year Perspective for Electrochromic by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027 |
World Recent Past, Current & Future Analysis for Polymer Dispersed Liquid Crystal (PDLC) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR |
World 7-Year Perspective for Polymer Dispersed Liquid Crystal (PDLC) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027 |
World Recent Past, Current & Future Analysis for Other Technologies by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR |
World 7-Year Perspective for Other Technologies by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027 |
III. MARKET ANALYSIS |
UNITED STATES |
Smart Windows Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E) |
USA Recent Past, Current & Future Analysis for Smart Windows by Technology - Suspended Particle Devices (SPD), Electrochromic, Polymer Dispersed Liquid Crystal (PDLC) and Other Technologies - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR |
USA 7-Year Perspective for Smart Windows by Technology - Percentage Breakdown of Value Sales for Suspended Particle Devices (SPD), Electrochromic, Polymer Dispersed Liquid Crystal (PDLC) and Other Technologies for the Years 2021 & 2027 |
CANADA |
Canada Recent Past, Current & Future Analysis for Smart Windows by Technology - Suspended Particle Devices (SPD), Electrochromic, Polymer Dispersed Liquid Crystal (PDLC) and Other Technologies - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR |
Canada 7-Year Perspective for Smart Windows by Technology - Percentage Breakdown of Value Sales for Suspended Particle Devices (SPD), Electrochromic, Polymer Dispersed Liquid Crystal (PDLC) and Other Technologies for the Years 2021 & 2027 |
JAPAN |
Smart Windows Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E) |
Japan Recent Past, Current & Future Analysis for Smart Windows by Technology - Suspended Particle Devices (SPD), Electrochromic, Polymer Dispersed Liquid Crystal (PDLC) and Other Technologies - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR |
Japan 7-Year Perspective for Smart Windows by Technology - Percentage Breakdown of Value Sales for Suspended Particle Devices (SPD), Electrochromic, Polymer Dispersed Liquid Crystal (PDLC) and Other Technologies for the Years 2021 & 2027 |
CHINA |
Smart Windows Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E) |
China Recent Past, Current & Future Analysis for Smart Windows by Technology - Suspended Particle Devices (SPD), Electrochromic, Polymer Dispersed Liquid Crystal (PDLC) and Other Technologies - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR |
China 7-Year Perspective for Smart Windows by Technology - Percentage Breakdown of Value Sales for Suspended Particle Devices (SPD), Electrochromic, Polymer Dispersed Liquid Crystal (PDLC) and Other Technologies for the Years 2021 & 2027 |
EUROPE |
Smart Windows Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E) |
Europe Recent Past, Current & Future Analysis for Smart Windows by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR |
Europe 7-Year Perspective for Smart Windows by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2021 & 2027 |
Europe Recent Past, Current & Future Analysis for Smart Windows by Technology - Suspended Particle Devices (SPD), Electrochromic, Polymer Dispersed Liquid Crystal (PDLC) and Other Technologies - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR |
Europe 7-Year Perspective for Smart Windows by Technology - Percentage Breakdown of Value Sales for Suspended Particle Devices (SPD), Electrochromic, Polymer Dispersed Liquid Crystal (PDLC) and Other Technologies for the Years 2021 & 2027 |
FRANCE |
Smart Windows Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E) |
France Recent Past, Current & Future Analysis for Smart Windows by Technology - Suspended Particle Devices (SPD), Electrochromic, Polymer Dispersed Liquid Crystal (PDLC) and Other Technologies - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR |
France 7-Year Perspective for Smart Windows by Technology - Percentage Breakdown of Value Sales for Suspended Particle Devices (SPD), Electrochromic, Polymer Dispersed Liquid Crystal (PDLC) and Other Technologies for the Years 2021 & 2027 |
GERMANY |
Smart Windows Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E) |
Germany Recent Past, Current & Future Analysis for Smart Windows by Technology - Suspended Particle Devices (SPD), Electrochromic, Polymer Dispersed Liquid Crystal (PDLC) and Other Technologies - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR |
Germany 7-Year Perspective for Smart Windows by Technology - Percentage Breakdown of Value Sales for Suspended Particle Devices (SPD), Electrochromic, Polymer Dispersed Liquid Crystal (PDLC) and Other Technologies for the Years 2021 & 2027 |
ITALY |
Italy Recent Past, Current & Future Analysis for Smart Windows by Technology - Suspended Particle Devices (SPD), Electrochromic, Polymer Dispersed Liquid Crystal (PDLC) and Other Technologies - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR |
Italy 7-Year Perspective for Smart Windows by Technology - Percentage Breakdown of Value Sales for Suspended Particle Devices (SPD), Electrochromic, Polymer Dispersed Liquid Crystal (PDLC) and Other Technologies for the Years 2021 & 2027 |
UNITED KINGDOM |
Smart Windows Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E) |
UK Recent Past, Current & Future Analysis for Smart Windows by Technology - Suspended Particle Devices (SPD), Electrochromic, Polymer Dispersed Liquid Crystal (PDLC) and Other Technologies - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR |
UK 7-Year Perspective for Smart Windows by Technology - Percentage Breakdown of Value Sales for Suspended Particle Devices (SPD), Electrochromic, Polymer Dispersed Liquid Crystal (PDLC) and Other Technologies for the Years 2021 & 2027 |
REST OF EUROPE |
Rest of Europe Recent Past, Current & Future Analysis for Smart Windows by Technology - Suspended Particle Devices (SPD), Electrochromic, Polymer Dispersed Liquid Crystal (PDLC) and Other Technologies - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR |
Rest of Europe 7-Year Perspective for Smart Windows by Technology - Percentage Breakdown of Value Sales for Suspended Particle Devices (SPD), Electrochromic, Polymer Dispersed Liquid Crystal (PDLC) and Other Technologies for the Years 2021 & 2027 |
ASIA-PACIFIC |
Smart Windows Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E) |
Asia-Pacific Recent Past, Current & Future Analysis for Smart Windows by Technology - Suspended Particle Devices (SPD), Electrochromic, Polymer Dispersed Liquid Crystal (PDLC) and Other Technologies - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR |
Asia-Pacific 7-Year Perspective for Smart Windows by Technology - Percentage Breakdown of Value Sales for Suspended Particle Devices (SPD), Electrochromic, Polymer Dispersed Liquid Crystal (PDLC) and Other Technologies for the Years 2021 & 2027 |
REST OF WORLD |
Rest of World Recent Past, Current & Future Analysis for Smart Windows by Technology - Suspended Particle Devices (SPD), Electrochromic, Polymer Dispersed Liquid Crystal (PDLC) and Other Technologies - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR |
Rest of World 7-Year Perspective for Smart Windows by Technology - Percentage Breakdown of Value Sales for Suspended Particle Devices (SPD), Electrochromic, Polymer Dispersed Liquid Crystal (PDLC) and Other Technologies for the Years 2021 & 2027 |
IV. COMPETITION |
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